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  1. China sets sweeping new rules to regulate $15 trillion asset management products

    BEIJING (Reuters) - China's central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country's...
  2. Wells Fargo dismisses consumer lending head Codel

    NEW YORK/WASHINGTON (Reuters) - Wells Fargo & Co has fired its head of consumer lending over unsuitable communications he had with a former employee, the bank said on Friday, the latest upheaval at a...
  3. Hedge fund bet on Glencore backfires with $100 million loss

    LONDON (Reuters) - London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. ...
  4. Barnes & Noble says investor's plan to take it private not 'bona fide'

    (Reuters) - Barnes & Noble Inc said on Thursday a deal proposed by an activist investor to take the bookstore chain private was not "bona fide" as its chairman and founder, Leonard Riggio, would not...
  5. Mistrial in NY corruption case against union chief, hedge fund executive

    NEW YORK (Reuters) - A U.S. judge on Thursday ordered a mistrial in the corruption case against the former head of New York City's correction officers' union and a co-founder of the now-defunct hedge...
  6. U.S. junk bond funds post fourth-biggest week of outflows ever: Lipper

    NEW YORK (Reuters) - U.S. fund investors walloped high-yield funds with their biggest week of withdrawals since March, Lipper data showed on Thursday.
  7. Ex-banker Otting confirmed as U.S. Comptroller of the Currency

    WASHINGTON (Reuters) - A former banking executive and associate of U.S. Treasury Secretary Steve Mnuchin was confirmed by the Senate on Thursday to be U.S. Comptroller of the Currency, serving as the...
  8. Killing medical tax break will hammer U.S. middle-class seniors

    (The writer is a Reuters columnist. The opinions expressed are his own.)
  9. U.S. fund investors snub domestic stocks

    NEW YORK (Reuters) - U.S. investors dashed into funds that buy stocks outside the country at the fastest pace since July, while pulling money out of domestic equities, Investment Company Institute...
  10. Ackman sells Air Products, Nomad Foods positions, makes strong profit

    NEW YORK (Reuters) - Activist investor William Ackman told his hedge fund clients on Wednesday that he liquidated positions in Air Products and Chemicals Inc and Nomad Foods Ltd, investments that...

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